Re ends at 44.92/$

MARKETS REPORT

Forex market

Outlook: The spot rupee is expected to open in the range of 44.90-44.94 against the greenback

Sentiment: dull

The spot rupee remained flat during the day by opening and closing at 44.92 aginst the dollar

Annualised premiums on six-month and one-year forward dollars closed at 1 per cent and 1.08 per cent, respectively

Money market

Sentiment: bullish

The postponement of the decision to hike oil prices at the Cabinet meeting held on Tuesday buoyed the market sentiment

Gilt prices moved up by 10-15 paise across all maturities

Yield on the 10-year gilt closed at 7.49 per cent as against 7.52 per cent on Monday

Call rates ruled at 5.5-5.6 per cent with the RBI absorbing around Rs 69,000 crore through reverse repo bids in the market

The corporate bond market remained lacklustre